N.Korea Promotes Rosy Outlook on Trade

The North Korean consulate in Dandong, China, held a seminar for officials and traders in the region shortly after the inter-Korean summit forecasting imminent prosperity for the isolated country.

"North Korea will soon become a trading powerhouse," an official at the consulate said last Saturday, according to Radio Free Asia on Monday. North Korean leader Kim Jung-un "met with South Korea's president and took practical measures necessary for North-South economic cooperation."

It added Kim "decided to halt nuclear tests and dismantle the nuclear test site, and inter-Korean economic exchanges that had been cut off will resume soon."

One staffer at a trading company there said, "The consulate stressed that economic sanctions would be scrapped if the North Korea-U.S. summit goes successfully, while trade conditions with China will be changing favorably."

Another source in China said the North Korean regime "has instructed trading companies to attract foreign investment and promote joint ventures" taking advantage of the turn in the tide.

The source added North Korean trade representatives were instructed not to hesitate to attract money even from South Korea.

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